Current Affairs · SEBI Act

Under the SEBI Act, 1992, for what purpose can the Investigating Authority apply to a Judicial Magistrate of the First Class?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To conduct routine financial and compliance audits of registered intermediaries
2To issue fresh equity shares of a non-compliant listed entity
3To obtain an order for the search and seizure of books, registers, or records if there are grounds to believe they may be destroyed or altered✓
4To seek approval for framing new SEBI regulations and guidelines

Correct answer

To obtain an order for the search and seizure of books, registers, or records if there are grounds to believe they may be destroyed or altered

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